by HintonBurdick | Jun 15, 2021 | Business Tax, Nonprofit Tax, Personal Tax, Tax, Uncategorized
The other day, one of my sons was walking around the house in my shoes. When I noticed this, I playfully began chasing him around. He stumbled a bit and was noticeably slowed down because the shoes didn’t fit him. Once he kicked my shoes off, he was much more...
by HintonBurdick | Jun 1, 2021 | News
If your child is a student with a summer job, your child’s income over the summer is considered taxable income. Here’s what they should know: Form W-4. When anyone gets a new job, they need to fill out a Form W-4, Employee’s Withholding Allowance...
by HintonBurdick | Jun 1, 2021 | News
After a taxpayer has been issued an Economic Impact Payment, the IRS is required to mail an Economic Impact Notice to the recipient at their last known address. This notice provides information about the amount of the Economic Impact Payment, how it was made, and how...
by HintonBurdick | Jun 1, 2021 | News
Contributions to a Health Savings Account (HSA) are used to pay current or future medical expenses of the account owner, his or her spouse, and any qualified dependent and are adjusted annually for inflation. For 2022, the annual inflation-adjusted contribution limit...
by HintonBurdick | Jun 1, 2021 | News
The first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households – nearly 90 percent of children in the United States – are slated to begin receiving...
